Tag: indonesia

Asia’s Untold Renewable Energy Success Story: A Candid Conversation

Asia’s energy transition is a significant and often overlooked aspect of the global fight against climate change. In the latest episode of the Climate Confident podcast, I had the pleasure of speaking with Assaad Razzouk, CEO of renewable energy company Gurin Energy, host of The Angry Clean Energy Guy podcast, and author of the book Saving the Planet Without the Bullshit. Our conversation explored the ongoing transformation of the energy landscape in Asia and the positive impact it’s having on the environment.

Asia has long been seen as a major contributor to greenhouse gas emissions, with much of its power coming from coal-fired power plants. However, the tide is turning, and the region is witnessing a massive shift towards clean, renewable energy. Assaad Razzouk shared his extensive knowledge on this topic and provided valuable insights on Asia’s commitment to building a more sustainable future.

One of the episode’s highlights was our discussion about China’s impressive progress in the renewable energy sector. The country has become a global leader in solar power, with over 250 gigawatts of installed solar capacity. This is particularly evident in the rapid expansion of rooftop solar across China, which has benefited from strong government support and policies. China’s solar revolution is not only reducing its reliance on fossil fuels but also paving the way for other countries in the region to follow suit.

Another key takeaway from the episode was the importance of energy access in Asia’s developing countries. Assaad explained that access to electricity is crucial for lifting people out of poverty and improving their quality of life. Decentralized renewable energy solutions, such as rooftop solar and microgrids, are making it possible for remote communities to access clean, reliable power. This not only benefits the environment but also helps to address social and economic inequalities.

We also touched on the issue of plastics in Asia, a complex and multifaceted problem. Thankfully, many Asian countries have taken strong measures to address this issue, banning or significantly reducing the use of single-use plastics. Assaad pointed out that countries like Indonesia have started implementing legislation to hold manufacturers accountable for their plastic waste, a step that is yet to be taken in other parts of the world, including the United States.

The conversation with Assaad Razzouk was both enlightening and inspiring, revealing the incredible progress Asia has made in its energy transition. This transformation is not only helping to combat climate change but also creating opportunities for economic growth, social development, and a brighter future for millions of people.

I encourage you to listen to the full episode of the Climate Confident podcast to hear our in-depth discussion with Assaad Razzouk and learn more about Asia’s inspiring energy transition. You can find the episode on your favorite podcast platform or visit the Climate Confident podcast website. Don’t forget to subscribe and share the episode with your friends and colleagues to spread the word about the positive impact of renewable energy in Asia.

Finally, if you value receiving weekly actionable insights on sustainability and climate, you can always sign up to be a Supporter of the podcast for less than the cost of a cup of coffee.

Stay climate confident, and let’s make a change together!

Photo credit UNDP Climate on Flickr

Can corporate social responsibility affect your company’s bottom line?

Nestlé share price drops

Your company’s share price can be negatively affected if you fail to behave responsibly in your business practices.

I have written here a couple of times about environmental risks companies could potentially face. This first time I wrote about this it was in reference to FaceBook’s decision to source the power for their new data center from a utility which uses coal-fired power primarily.

I followed that up with a post about how the EPA, the SEC and institutional investors are becoming more interested in environmental risk, asking companies to report on risks which may impact on a business’ sales, properties or even their reputation.

The importance of this has been driven home forcibly over the last couple of days as GreenPeace launched an international campaign targeting Nestlé. Why? Because it turns out Nestlé is purchasing palm oil from companies whose plantations cause deforestation of Indonesian rainforests with all the attendant knock-on effects this has (massive CO2 emissions, indigenous communities destroyed, and devastation of the Orang-utan’s habitat to name but a few).

As part of the campaign, Greenpeace launched a report called Caught Red Handed [PDF] outlining the connections between Nestlé, their suppliers and habitat destruction in Indonesia. As part of the launch campaign, Greenpeace had people on the ground at Nestlé offices in Orang-utan costumes publicising the report and they posted a spoof video on YouTube.

Unfortunately Nestlé, decided that instead of fixing their supply chain, that they should go down the censorship route. They quickly contacted Google and had the video removed from YouTube. Nestlé didn’t reckon with the Streisand effect though and in very short order the video was posted on vimeo and promptly re-posted on many other sites.

Nestlé’s lawyers quickly abandoned the take-down option realising they’d merely be playing a game of whack-a-mole if they continued. The storm of publicity which ensued even spread as far as CNN and within 24 hours Nestlé was forced to backtrack . The video is now back up on YouTube.

Nestlé censoring comment on FaceBook

As these things do, the debate took place on FaceBook and Twitter too with many people calling for a boycott of Nestlé products! In a classic social media shot to the foot Nestlé warned people:

we welcome your comments, but please don’t post using an altered version of any of our logos as your profile pic – they will be deleted.

Now, in any social media forum (or any forum for that matter), threatening people with censorship is definitely not a way to win friends or influence people. And predictably this threat inflamed an already upset audience. The censorship threat went viral and Nestlé’s reputation went into freefall.

The end result, as you can see at the top of this post, Nestlé’s stock price fell too.

This was eminently preventable.

And it is a clear demonstration of the need to be fully aware of all the potential risks in your supply chain.

If Nestlé was utterly transparent and ethical in its business practices, then it couldn’t have been ambushed by Greenpeace.

If Nestlé had ensured that its supply chain was completely free of controversy it would have avoided the pr storm, the reputational damage and the financial losses from loss of sales and the fall in its share price.

by-sa